What is Applied Materials' risk, return, and volatility like?
Applied Materials returned +183.5% over the 1Y window. On the Since inception lens, Sharpe ratio is 1.59, annualized volatility is 47.3%, and max drawdown is -34.9%.
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Price history
Applied Materials price since inception
Track Applied Materials's standalone price path with macro and asset-specific events enabled by default.
Applied Materials price since inception
Key takeaways
- Total Return: AMAT returned +183.5% over the 1Y window and +143.5% over the Since inception window ; annualized return over Since inception was +96.0%.
- Risk-adjusted return: Sharpe was 1.59 and Sortino was 2.36 over Since inception. Sharpe counts total volatility; Sortino focuses on downside volatility.
- Volatility & drawdown: Annualized volatility was 44.6% over 1Y and 47.3% over Since inception ; max drawdown was -21.4% over 1Y and -34.9% over Since inception .
- Tail risk (Expected Shortfall): Over Since inception, daily VaR (5%) was -5.1% and Expected Shortfall was -7.2%. VaR is the cutoff; Expected Shortfall is the average move inside the worst 5% of daily returns.
- Skew & kurtosis: Over Since inception, skew was -0.35 and excess kurtosis was 3.95. Skew shows return asymmetry; excess kurtosis shows how fat the tails were versus a Normal distribution.
- Risk ratios: Sortino Ratio: 2.36 , Calmar Ratio: 2.75 , Sterling Ratio: 4.21 , Treynor Ratio: 0.44 , Ulcer Index: 12.55% .
Applied Materials Drawdown
Max drawdown shows the deepest peak-to-trough decline Applied Materials suffered in each research window. 1Y: -21.4%; Since inception: -34.9%.
Applied Materials is currently 0.0% below its prior peak, with the high-water mark at $403.91. Since inception low is $125.96.
Since inception drawdown episodes
Applied Materials Volatility
Volatility Applied Materials's annualized volatility shows how widely daily closes moved over 1Y and Since inception. Higher values mean a noisier path, not automatically a better or worse investment. 1Y: 44.6%; Since inception: 47.3%.
Benchmark context
Where AMAT fits relative to other lenses
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Risk-adjusted ratios
These ratios compare return against different definitions of risk: total volatility, downside volatility, drawdowns, benchmark beta, and time spent underwater.
Applied Materials Sharpe Ratio
AMAT Sharpe Ratio (Since inception)
Return per total volatilityThe dot sits at (Applied Materials's annualized volatility, its excess annualized return). The slope from the origin to the dot is the Sharpe ratio — steeper means the asset converted risk into return more efficiently.
Sharpe ratio Applied Materials's Sharpe ratio measures excess return per unit of total volatility. Higher readings mean the asset converted risk into return more efficiently over the same window. 1Y: 2.48; Since inception: 1.59.
A Sharpe above 1.0 is generally considered good, above 2.0 is excellent. Negative Sharpe means the asset underperformed the risk-free rate. Calculated on each asset's full 365-day lookback of available prices and annualized using the asset calendar (365 for crypto, 252 trading days for equities/ETFs/metals).
Applied Materials Sortino Ratio
AMAT Sortino Ratio (Since inception)
Return per downside volatilityApplied Materials's daily-return distribution over the long window. Days left of the target line are the only ones Sortino penalizes in the denominator — so a distribution with a fat left tail produces a smaller Sortino even at the same mean return.
Sortino ratio Applied Materials's Sortino ratio isolates downside volatility instead of all volatility. It is the cleaner lens when you care more about bad downside moves than upside noise. 1Y: 3.77; Since inception: 2.36.
A higher Sortino is better. It's useful when upside volatility is common (crypto is the obvious example). Calculated on each asset's full 365-day lookback of available prices, using the daily risk-free rate as the target return, and annualized using the asset calendar (365 for crypto, 252 trading days for equities/ETFs/metals).
Applied Materials Calmar Ratio
AMAT Calmar Ratio (Since inception)
CAGR per worst drawdownApplied Materials's CAGR bar sits above zero, the max drawdown bar sits below. Calmar is the ratio of those two magnitudes — a shallow drawdown bar with a tall CAGR bar produces a strong Calmar.
Calmar ratio Applied Materials's Calmar ratio measures return per unit of max drawdown. It is useful when the path of losses matters as much as the final return. 1Y: 8.60; Since inception: 2.75.
Calmar is computed on each asset's full 365-day lookback and uses the max drawdown over that same window.
Applied Materials Sterling Ratio
AMAT Sterling Ratio (Since inception)
Return per average drawdownThe underwater curve shows Applied Materials's drawdowns over the long window. Sterling averages every event deeper than the 10% threshold instead of taking only the worst one — so an asset with many mid-size drawdowns scores worse here than on Calmar.
Sterling ratio Applied Materials's Sterling ratio compares return against deep drawdown pressure. It gives a harsher read on assets that compound well but suffer ugly declines along the way. 1Y: 11.51; Since inception: 4.21.
Sterling uses average drawdown events deeper than 10% and subtracts the risk-free rate to report excess return.
Applied Materials Ulcer Index
AMAT Ulcer Index (Since inception)
Drawdown painThe underwater curve shows how deep and how long Applied Materials's drawdowns were. Ulcer is the root-mean-square of that curve — both depth and persistence count, so lower is better.
Ulcer Index Applied Materials's Ulcer Index measures both the depth and persistence of drawdowns. Lower is better because it means fewer and shallower underwater periods. 1Y: 7.56; Since inception: 12.55.
Ulcer Index is computed from each asset's drawdown series over the full lookback window.
Applied Materials Treynor Ratio
AMAT Treynor Ratio (Since inception)
Excess return per beta vs SPYThe line's slope is Applied Materials's beta to SPY — steeper means more market-sensitive. Treynor divides excess return by that slope, so an asset can look efficient with a shallow beta and a small return, or inefficient with a steep beta and a big return.
Treynor ratio measures excess return per unit of market beta versus SPY. A high Treynor means the asset compensated its market exposure well over this window. A low or negative Treynor means the asset's market risk wasn't rewarded.
Treynor uses beta vs the S&P 500 (SPY) on shared dates and the average 3-month Treasury rate as the risk-free rate.
Applied Materials Tail Risk
Tail-risk stats use daily return distributions rather than simple end-point returns. They show how ugly the left tail has been, how severe the worst 5% of days were, and whether returns were skewed toward outsized upside or downside shocks.
The histogram shows the shape of Applied Materials's daily log returns over the Since inception window. Bars left of the 5% VaR marker are the worst 5% of days; the ES marker is the average loss inside that tail. Skew and excess kurtosis describe whether the distribution is symmetric around zero and whether extreme days are more common than a Normal distribution predicts.
AMAT daily return distribution (Since inception)
AMAT daily return distribution (Since inception)Log-return histogram with Value-at-Risk and Expected Shortfall markers at the 5% left tail.
| Metric | 1Y | Since inception |
|---|---|---|
| VaR (5%) | -4.3% Historical daily threshold | -5.1% Historical daily threshold |
| Expected shortfall (5%) | -6.6% Beyond the VaR threshold | -7.2% Beyond the VaR threshold |
| Skew | -0.72 | -0.35 |
| Excess kurtosis | 3.78 | 3.95 |
Less negative daily VaR and Expected Shortfall values mean the left tail was less violent. Skew and excess kurtosis help distinguish between steady compounding and a path dominated by occasional extreme moves.
Full stats table
Every window-consistent research metric
Each column keeps the same horizon across returns, ratios, drawdowns, and tail-risk metrics.
| Metric | 1Y Recent window | Since inception Deeper research window |
|---|---|---|
| Total return | +183.5% | +143.5% |
| Annualized return | +183.7% | +96.0% |
| Volatility | 44.6% Annualized daily closes | 47.3% Annualized daily closes |
| Sharpe ratio | 2.48 | 1.59 |
| Sortino ratio | 3.77 | 2.36 |
| Calmar ratio | 8.60 | 2.75 |
| Sterling ratio | 11.51 | 4.21 |
| Ulcer Index | 7.56 | 12.55 |
| Max drawdown | -21.4% 2025-07-15 to 2025-09-03 | -34.9% 2025-01-22 to 2025-04-04 |
| VaR (5%) | -4.3% Historical daily threshold | -5.1% Historical daily threshold |
| Expected shortfall (5%) | -6.6% Beyond the VaR threshold | -7.2% Beyond the VaR threshold |
| Skew | -0.72 | -0.35 |
| Excess kurtosis | 3.78 | 3.95 |
What viewers usually ask next
What is Applied Materials's Since inception CAGR?
Applied Materials's since inception cagr is +96.0% on Gale using the since-inception window.
What is Applied Materials's 1-year volatility?
Annualized volatility is 44.6% over the past year.
What is Applied Materials's since-inception Sharpe ratio?
Applied Materials's Sharpe ratio is 1.59 using the since-inception window.
What is Applied Materials's since-inception Sortino ratio?
Applied Materials's Sortino ratio is 2.36 using the since-inception window.
What is Applied Materials's since-inception Calmar ratio?
Applied Materials's Calmar ratio is 2.75 using the since-inception window.
What is Applied Materials's since-inception Sterling ratio?
Applied Materials's Sterling ratio is 4.21 using the since-inception window.
What is Applied Materials's since-inception Ulcer Index?
Applied Materials's Ulcer Index is 12.55 using the since-inception window. Lower is better because it means shallower and less persistent drawdowns.
What is Applied Materials's since-inception max drawdown?
Max drawdown is -34.9% over the since-inception window from 2025-01-22 to 2025-04-04.
What is Applied Materials's since-inception daily Value at Risk?
Using historical daily returns, Gale estimates a 5% Value at Risk of -5.05% over the since-inception window.
What is Applied Materials's since-inception Expected Shortfall?
Expected Shortfall is -7.18% over the since-inception window, which captures the average outcome inside the worst 5% of daily returns.
Is Applied Materials still below its all-time high?
Current drawdown is +0.0% versus the all-time high of $403.91 reached on 2026-04-23.
Which benchmark should viewers open first for Applied Materials?
S&P 500 is the default benchmark lens on Gale because it gives the cleanest context for Applied Materials's recent behavior.